TransCanada Stock Is One of the Best Energy Plays Today

TransCanada Corp. (NYSE: TRP) just achieved a perfect Money Morning stock VQScore™, making it a profit powder keg waiting to ignite...

TransCanada is a Canadian oil and gas pipeline company, most famous for its development of the Keystone XL pipeline connecting Canadian oil fields to major hubs in the United States.

While energy investors are familiar with the company, you may not realize how much potential TransCanada stock has for your portfolio.

TransCanada stock

TransCanada's Keystone Pipeline system brings 20% of Canada's oil exports to the United States, but its natural gas pipelines are even more essential...

The company's pipelines already transport 25% of North America's natural gas every single day. And with 653 billion cubic feet of gas storage capacity, TransCanada is primed to take on much more. In fact, U.S. continental natural gas production is expected to surge 471% in 2018 alone, according to the EIA.

On top of that, the company is expanding into Mexico by adding five new natural gas pipelines. This $3.5 billion investment will help the company profit, as Mexican natural gas production is expected to double by 2020.

Get an Edge on Wall Street with VQScore™

Our VQScore helps you identify stocks packed with the most profit potential on the market.

After weeding out unprofitable companies and small-cap gambles, our proprietary formula assesses each company's earnings power, growth, and demand to bring you the best stocks on the market.

In short, the VQScore gives you an edge over Wall Street. You'll find the most valuable stocks with the most profit potential while everyone else follows the herd.

Plus, the company's $86 billion in assets helps it reward shareholders with a lucrative dividend program. TRP has raised its dividend for 18 straight years, giving payouts of $2.20 per share for a 5.01% yield, double the S&P 500 average.

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And TransCanada already has plans to hike dividends by 10% annually through 2021.

Best of all, TransCanada stock earned a 4 VQScore, the best rating possible in Money Morning's propriety stock valuation system.

Here's exactly how profitable this company is, and why it's one of the best stocks you can buy right now...

The Timing Is Perfect to Buy into TransCanada Stock

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While TRP is well-positioned to grow along with North America's energy demands, the company is also incredibly well-run. That means its billions of dollars of growth are turned into profits for you...

It's easy to forget, but when you're buying a stock, you're not just buying a ticker that you hope will be worth more later - you're buying a stake in a company. That means you're getting a slice of its profits, debts, its potential, and to even have a say in the company's operations.

And TransCanada is a massively profitable company...

Last year, the company raked in a profit of $7.6 billion thanks to its world-beating operating profit margin of 33.76%. That's more than double the average profit margin of companies in the S&P 500.

Plus, by buying into TRP now, you're getting more bang for your buck.

TransCanada's current P/E ratio is just 16.45. That means you're paying just 16 times the company's earnings, while other investors are forking over an average 26 times the earnings of S&P 500 companies, some of which aren't even profitable.

You're paying less and getting more, and that's how investors get rich.

And TransCanada is not the only stock we love right now. Make sure you check out our list of the 25 best stocks on the market right now...

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